Examining the bidirectional nexus between financial development and green growth: International evidence through the roles of human capital and education expenditure

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dc.citation.volume79
dc.contributor.authorNgo T
dc.contributor.authorTrinh HH
dc.contributor.authorHaouas I
dc.contributor.authorUllah S
dc.date.accessioned2024-02-22T19:42:51Z
dc.date.accessioned2024-07-25T06:39:16Z
dc.date.available2022-09-05
dc.date.available2024-02-22T19:42:51Z
dc.date.available2024-07-25T06:39:16Z
dc.date.issued2022-12
dc.description.abstractIn the context of the 2030 Agenda for Sustainable Development by the United Nations, the functionality of financial development is undeniable in the wider economy toward Sustainable Development Goals (SDGs). Using novel panel data of 36 countries over the last decades, the study sheds light on the bi-directional nexus between financial development and green growth where human capital and education expenditure present their central roles in sustainable development. The study provides critical findings to the existing literature on climate change, environment, and sustainability. Following the empirical findings, we provide important insights to regulators, policy makers, and organizations in investigating the substantial contributions of financial development including financial markets and financial institutions where their accessibility, depth, and efficiency need a thorough consideration toward SDGs and mitigating climate change impacts worldwide. Apart from using the multidimensional proxies, the empirical findings are validated by a set of econometric approaches.
dc.description.confidentialfalse
dc.edition.editionDecember 2022
dc.identifier.citationNgo T, Trinh HH, Haouas I, Ullah S. (2022). Examining the bidirectional nexus between financial development and green growth: International evidence through the roles of human capital and education expenditure. Resources Policy. 79.
dc.identifier.doi10.1016/j.resourpol.2022.102964
dc.identifier.eissn1873-7641
dc.identifier.elements-typejournal-article
dc.identifier.issn0301-4207
dc.identifier.number102964
dc.identifier.piiS030142072200407X
dc.identifier.urihttps://mro.massey.ac.nz/handle/10179/70622
dc.languageEnglish
dc.publisherElsevier Ltd
dc.publisher.urihttps://www.sciencedirect.com/science/article/pii/S030142072200407X
dc.relation.isPartOfResources Policy
dc.subjectFinancial development
dc.subjectGreen growth
dc.subjectHuman capital
dc.subjectGeneralized method of moment (GMM)
dc.subjectSustainability
dc.subjectEducation expenditure
dc.titleExamining the bidirectional nexus between financial development and green growth: International evidence through the roles of human capital and education expenditure
dc.typeJournal article
pubs.elements-id456785
pubs.organisational-groupOther
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